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The SEC alleged that Monsanto delayed reporting costs from millions of dollars worth of rebates offered to Roundup reatilers. (Credit: AP)

BREAKING: Monsanto To Pay $80M SEC Penalty Over Roundup Accounting

Monsanto Co. has agreed to pay an $80 million penalty and retain an independent consultant to settle charges it violated accounting rules and misstated earnings related to its flagship Roundup herbicide, the Securities and Exchange Commission announced Tuesday.

  • BREAKING: Supreme Court Stays EPA's Clean Power Plan

    The U.S. Supreme Court on Tuesday blocked the implementation of the U.S. Environmental Protection Agency’s Clean Power Plan while it's being challenged in court, dealing a significant defeat to the Obama administration’s efforts to defend the controversial rule slashing carbon emissions from existing power plants.

  • Pa. Lawmakers Urge Congress To Drop Sports Betting Ban

    A Pennsylvania House of Representatives resolution urging Congress to overturn the federal ban on sports betting passed overwhelmingly through committee Tuesday.

  • Kirkland Can't Collect Fee Fight Costs In Samson Ch. 11

    A Delaware bankruptcy judge on Monday refused to allow Kirkland & Ellis LLP and Klehr Harrison Harvey Branzburg LLP to seek reimbursement from Samson Resources Corp. for any expenses from defending their fees, noting a recent Delaware decision blocked similar cost requests.

  • Defense Attys Support Blackwater Guards In DC Circ. Appeal

    The National Association of Criminal Defense Lawyers on Monday threw its weight behind four former Blackwater guards' efforts to overturn their convictions from a 2007 shooting in Iraq, telling the D.C. Circuit the case is rife with "prosecutorial overreaching and vindictiveness."

  • DC Circ. Orders Court To Take On Medicare Appeals Backlog

    The D.C. Circuit on Tuesday said a district court has jurisdiction to order the U.S. Department of Health and Human Services to cut down a massive backlog of disputed Medicare claims following complaints by the American Hospital Association.

  • US Bank, Santander Pay $13M To Exit OCC Mortgage Penalty

    U.S. Bank and Santander Bank on Tuesday agreed to pay a combined $13.4 million to get out from under restrictions on their mortgage operations imposed by the Office of the Comptroller of the Currency.